Mobilicom Expands Into New Geographic Markets For Its Cybersecure Drone & Robotics Solutions
Portfolio Pulse from Happy Mohamed
Mobilicom Limited (NASDAQ:MOB) has announced design win sales into three new geographic markets: Korea, Brazil, and Canada. This includes orders for its MCU Maxi Controller PRO and SkyHopper Datalinks. These orders bring Mobilicom's design wins to a total of 48 as of June 30, 2023. Each design win represents initial sales of Mobilicom's systems and components to be integrated into new autonomous systems designed by manufacturers of drones and robotics. These design wins are expected to lead to commercial scale orders.
July 27, 2023 | 12:33 pm
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Mobilicom's expansion into new markets and increase in design wins could potentially lead to a rise in its stock price in the short term.
The news of Mobilicom's expansion into new markets and increase in design wins is directly related to the company's growth and potential for increased revenue. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
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